Latest Ratios: P/E Ratio -0.2x · EV/EBITDA N/A · ROE -1776.3%. (2021–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Market Cap | $14M | $37M | $37M | $162M | $121M | $99M |
| Enterprise Value | $17M | $40M | $42M | $170M | $127M | $101M |
| P/E Ratio → | -0.21 | — | — | — | — | — |
| P/S Ratio | 1.39 | 3.70 | 5.75 | 132.52 | 36.42 | 226.57 |
| P/B Ratio | — | — | 6.70 | — | — | — |
| P/FCF | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.03 | 6.47 | 139.14 | 38.27 | 232.09 |
| EV / EBITDA | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Gross Margin | 50.5% | 50.5% | 39.6% | -32.4% | 13.8% | 31.7% |
| Operating Margin | -439.6% | -439.6% | -720.2% | -2903.9% | -716.7% | -4995.4% |
| Net Profit Margin | -465.4% | -465.4% | -311.0% | -3237.0% | -721.3% | -4595.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| ROE | -1776.3% | -1776.3% | -21200.0% | — | — | — |
| ROA | -121.1% | -121.1% | -69.3% | -231.5% | -138.9% | -105.9% |
| ROIC | -499.5% | -499.5% | -539.6% | -966.2% | — | -697.4% |
| ROCE | -390.6% | -390.6% | -820.7% | — | — | -858.6% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Debt / Equity | — | — | 0.88 | — | — | — |
| Debt / EBITDA | — | — | — | — | — | — |
| Net Debt / Equity | — | — | 0.83 | — | — | — |
| Net Debt / EBITDA | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — |
| Interest Coverage | -18.84 | -18.84 | -13.20 | -10.79 | -69.38 | -90.92 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Current Ratio | 0.24 | 0.24 | 0.20 | 0.04 | 0.09 | 0.22 |
| Quick Ratio | 0.19 | 0.19 | 0.14 | 0.03 | 0.06 | 0.21 |
| Cash Ratio | 0.12 | 0.12 | 0.01 | 0.00 | 0.01 | 0.06 |
| Asset Turnover | — | 0.27 | 0.16 | 0.07 | 0.21 | 0.02 |
| Inventory Turnover | 3.42 | 3.42 | 2.26 | 5.08 | 5.00 | 1.28 |
| Days Sales Outstanding | — | 52.07 | 159.38 | 15.80 | 61.88 | 1845.98 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 58.6% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 58.6% | 0.0% |
| Shares Outstanding | — | $5M | $3M | $1M | $1M | $1M |
Imminent liquidity and dilution
According to current market data, MOBX trades at a price-to-sales multiple of 1.35, a valuation that appears disconnected from the company's contracting revenue base and the absence of positive earnings, suggesting investors are pricing in highly optimistic future adoption of its 5G chipset technology.
The lack of meaningful P/E or EV/EBITDA multiples reflects a business model that has yet to achieve the scale necessary for traditional valuation metrics to be applicable. This premium valuation warrants caution, as it implies an aggressive growth trajectory that is currently contradicted by the recent deceleration in top-line performance.
As reported in financial statements, the company's gross margin has experienced extreme volatility, swinging from 57.4% in 2025Q3 to 19.0% in 2026Q2, which suggests that the firm lacks the pricing power or cost control required to sustain profitability in its fabless semiconductor model.
The persistent operating margin deficit, which reached -439.58% in recent periods, indicates that the current revenue scale is insufficient to cover the heavy fixed R&D costs. Investors should monitor whether the company can stabilize its gross margins, as current fluctuations suggest significant vulnerability to foundry cost pressures.
Based on historical data, MOBX has consistently generated negative returns on invested capital, with ROIC figures frequently falling below -100%, indicating that the company is currently destroying shareholder value rather than compounding it through its specialized EMI and 5G connectivity product development efforts.
The inability to generate positive returns on capital is a direct consequence of the massive operating losses and the high capital intensity of the fabless model. This trend suggests that the company's current strategy is not yet creating a sustainable economic moat, necessitating a fundamental shift in operational efficiency.
According to recent SEC filings, the company's cash conversion cycle remains deeply negative and volatile, with days inventory outstanding reaching 141 days in 2026Q2, highlighting significant challenges in aligning inventory procurement with the actual pace of customer demand for its specialized semiconductor components.
The extreme length of the cash conversion cycle, coupled with low asset turnover, suggests that the company is struggling to manage its working capital effectively. This inefficiency exacerbates the firm's liquidity constraints, as capital remains tied up in inventory that may face obsolescence risks in the fast-moving 5G market.
As reported in recent quarterly filings, the company's current ratio of 0.23 indicates a severe liquidity shortfall, leaving the firm with insufficient liquid assets to cover its short-term obligations and raising significant concerns regarding its ability to maintain operations without immediate and dilutive external financing.
The precarious cash position of $3.27 million, when viewed against the backdrop of persistent quarterly cash burn, suggests that the company is approaching a critical liquidity inflection point. Investors should monitor for potential dilutive equity raises, which appear increasingly likely given the current balance sheet structure.
The market frequently misapplies top-line revenue growth as a proxy for success, which obscures the reality that MOBX's current business model is characterized by high cash burn and structural operating losses that are not yet supported by a sustainable or recurring revenue stream.
Analysts should prioritize the 'Cash Burn to Revenue' ratio over simple revenue growth, as the former provides a more accurate assessment of the company's survival risk. Relying on revenue growth alone ignores the binary nature of the firm's 5G strategy and the potential for inventory write-downs.
Includes 30+ ratios · 5 years · Updated daily
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Quick answers to the most common questions about buying MOBX stock.
Mobix Labs, Inc.'s current P/E ratio is -0.2x. This places it at the 50th percentile of its historical range.
Mobix Labs, Inc.'s return on equity (ROE) is -1776.3%.
Based on historical data, Mobix Labs, Inc. is trading at a P/E of -0.2x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Mobix Labs, Inc. has 50.5% gross margin and -439.6% operating margin.